Description

Global Technical Ceramics Market 2016-2020 Description

Technical ceramics are inorganic or non-metallic ceramics with high temperature stability, high hardness, and low thermal expansion. Further, these ceramics exhibit electrical properties ranging from insulators to semiconductors to highly conductive materials. These ceramics can be categorized into monolithic ceramics, ceramic matrix composites (CMCs), ceramic coatings, and others.

Technavio’s analysts forecast the global technical ceramics market to grow at a CAGR of 6.37% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global technical ceramics market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of technical ceramics products for end-use industry such as electronics, automotive, energy and power, industrial, medical, military and defense, and others.

The market is divided into the following segments based on geography:

APAC

Europe

North America

ROW

Technavio's report, Global Technical Ceramics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

CeramTec

Ceradyne

CoorsTek

Morgan Advanced Materials

Kyocera

Other prominent vendors

NGK Spark Plug

McDanel Advanced Ceramic Technologies

Saint-Gobain

Market driver

Increased use of technical ceramics in high-temperature applications

For a full, detailed list, view our report

Market challenge

Issue in adoption of recyclability and reparability

For a full, detailed list, view our report

Market trend

High customization requirements for end-user applications

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be integration of low cost production technologies. The demand for lightweight armors and engine components is increasing. Aircraft manufacturers are considering technical ceramics as a substitute for conventional alloys and metals. Further, aircraft manufacturers, especially in the US and Europe, are concentrating on the development of fuel-efficient aircraft. Therefore, more technical ceramics components are likely to be used in aircraft engines produced between 2015-2022. Currently, the high-cost of technical ceramics when compared with that of conventional metals and alloys acts as a barrier to their adoption. However, the emergence of new technologies is foreseen to decrease manufacturing costs, thereby increasing their acceptance.”

According to the report, increased use of technical ceramics in high-temperature applications will be a key driver for market growth. Lightweight and low conductive technical ceramics are used in insulation applications to conserve energy by preventing heat loss from furnaces and kilns. These materials help in saving more than 21% of the energy, thereby reducing overall operational costs. The industrial sector accounts for more than 30% of the total fuel consumption globally; an estimated 25% of which is wasted. Poor heat management in conversion processes accounts for more than 45% of the total energy lost in industrial processes. This loss of energy can be reduced with the use of products made of technical ceramics. This factor is boosting the demand of technical ceramics globally.

Further, the report states that issue in adoption of recyclability and reparability will be a challenge for market growth. Technical ceramics cannot be reused or recycled in the same application. Due to the long lifespan and mechanical and optical properties of technical ceramics, the different composites used in the various end-use industries face the issue of recyclability and reparability. This is a major challenge for the global technical ceramics market. Further, internal wear and tear and cracks in ceramic structures are hard to find. Therefore, skilled personnel and sophisticated equipment are required to find such anomalies; this increases costs for the end users. However, advances in technologies in terms of equipment that detect flaws in technical ceramics can foster the market over the forecast period.